Multi-let industrial estate in Coventry – 14 units, 96% let
Description
Estate of 14 modern trade and light industrial units (total 78,000 sq ft) close to the A45 and M6, in the heart of the Midlands logistics corridor. Tenants include trade counters, e-commerce fulfilment and light manufacturing businesses on leases with an average unexpired term of 4.6 years.
Passing rents average £5.25 psf, well below current rental levels for comparable units, offering clear reversionary potential at lease events. The Midlands remains one of the tightest industrial markets in the UK, with vacancy around 6.5%.
- Rent: £410,000 per annum
- Asking price: £6.2m (net initial yield approx. 6.2%; approx. €7.38m)
- Freehold, EPC ratings A–C
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